Having cake and eating it!

[kallis3]

That is down to you JB. Moretolife also said that it was a personal decision.

Please don't have a go at posters who don't agree with you. We are all entitled to our opinion.

[JB1520]

Sorry guys didnt mean to have a go, but lenders have received many letters from me and still dont do what they should correctly on Credit Reports.

[kallis3]

Any defaults after the date of IVA acceptance have to be removed. Threaten to report them if they don't do that.

[TheMatrix]

I don't agree with claiming PPI, they are going to have to write of some 30k +IP Charges and interest on my debts shortly, so having cake and eating it does come to mind.

However, what they are doing about your credit file is wrong, you have the right under the DPA to have this updated to ensure it is factually correct. If a creditor refuses to update your file, after telling them it is factually incorrect they are in breach of the act.

The ICO has the powers to fine the creditor upto £0.5 Million for breaches to the act.

Write to the Data Controller, rather than customer services, for the creditor at the address registered with the Information Commissioner. Get their address from the ico website. Give them 28 days under the DPA act to correct your credit file.

Send your letter recorded delivery and keep a copy of everything you send and when, along with any responses from the creditor.

If they don't do it, write to the Information Commissioner and banking Ombudsman and complain.

[kazzy]

Hi all, interesting thread...
I must admit that I haven't given any thought to reclaiming PPI, although I'm seeing it mentioned more and more.

Our IVA is based on a dividend on 100p/£ so I suppose some would say that we should reclaim PPI as we aren't having any of our debt written off at all - even so, I'm not sure if we will.

It is very much a personal choice but just to add my opinion, if we weren't paying it all in full, I definitely wouldn't consider claiming anything back, it would just feel a bit cheeky

I don't tend to think about how much I owed and what it was made up of (interest/PPI/etc) as I am more inclined to look towards the future when I will be debt free and enjoying life to the full!

[Broke of London]

There is no justifying reclaiming PPI after you have agreed to settle your debts. The op can't even justify it to himself - 3 different excuses in one post and none of them at good.

[luckycharm]

There is no justifying reclaiming PPI after you have agreed to settle your debts. The op can't even justify it to himself - 3 different excuses in one post and none of them at good.

I think thats a very judgmental statement and a bit harsh to be honest [V]. I know every one is entitled to their own opinion but maybe you should rethink the wording of your post. Each of us has to decide whats right and wrong for him/herself and at the end of the day NONE of us should be on the moral highroad as we have all ended up unable to pay off credit that we took out!!

A few years ago a mortgage broker found me a mortgage but said that if I didn't take out his very expensive mortgage protection insurance he would not be able to help me with the mortgage. I already had adequate cover but he was trying to pressure me into an insurance policy. He lost out on comission for both as I reported him to the FSA!!!!

[Julie]

It's all about personal choice, we'll never all agree about everything. It's great that opinions can be expressed on this forum.[:)][:)]

[Skippy]

That's a bit harsh BOL. While I don't agree with reclaiming PPI after an IVA it's down to the individual whether they do so.

[MelanieGiles]

I may be wrong here - but I am sure that the claim that was lodged by Moretolife was actually against the sale of a policy on a debt which had been repaid prior to them entering into their IVA.

I've got no problem with reclaiming PPI - if something has been mis-sold or is not needed then fair enough. I have seen tons of self-employed clients sold these policies without realising that they would not pay out in the event of a loss of business. All I would say is that I would express suprise if a bank who was taking a write-off - or who had suffered one - agreed to pay out post IVA.

[Skippy]

Just to make it clear, my comment wasn't directed at Moretolife as I don't know the circumstances.

[moretolife]

All the decisions we all make are personal choices and we all have to live with the "feelings" ....and there are no clear cut "rules" about PPI......each individual case is different in the same way we do the things we do with regard to our debts and IVAs etc....

We made the claim after taking a lot of time to decide...we didnt just wait till we paid the F and F and jump into it...it was months later....

We were def mis-sold it......as Melanie points out my self employment would not have been covered even if I had lost income....

I rarely post on here...some posters can be very harsh in their opinions....